Daily Archives: November 14, 2012

If these allegations proof to be true, then this must be the ultimate Greek-style prison break! Antonis Aravantinos, chief of police prison guards told a relevant parliamentary committee that ex heavy weights of politics, business, sports and life-style, currently in prison, enjoy a lavish life even behind bars. “There is a 5***** …

November 14, 2012EconomyComments Off on Merkel’s Envoy to Greece Wants Lay-Offs of Municipalities Workers

Three thousand employees in Greek local governments do the job of 1,000 Germans. Hans Joachim Fuchtel, the envoy of German Chancellor to Greece, sharply criticized the overstaffed public administration of debt-ridden country. Speaking at the meeting of 3. Greek-German Assembly in Thessaloniki Fuchtel underlined the problem of state employees’ efficiency: …

International Monetary Fund Managing Director Christine Lagarde said on Wednesday she expected a “real fix” for Greece that included debt sustainability, rather than a “quick fix”.Speaking during a visit to Malaysia, Lagarde said that all of Greece΄s partners shared the same goal of putting the country΄s recovery programme back on …

November 14, 2012EconomyComments Off on Greece’s Economy Shrinks Further with Recession Plunging 7.2% in 3Q 2012

The Greek economy shrank 7.2% in the third quarter compared with the same period a year earlier, statistics agency Elstat has said. That was a deeper contraction than the 6.3% fall seen in the second quarter. Greece has been in recession since late 2008 and has been granted two bailouts …

Several thousands Greeks joined the Pan-European anti-austerity protests in downtown Athens on Wednesday. People with works and without, pensioners, teachers, members of trade unions and political parties raised their voices against the austerity measures that drags into impoverishment millions of people across Europe. Protester: “God, I’m afraid of starvation” Protesters carry …

Greek Prime Minister Antonis Samaras gave orders to immediately scrap the migrant citizenship law and asked the Minister of Interior to work out a new draft that will comply with the Greek Constitution. The fast-track decision of PM comes a day after the Council of State, Greece’s highest administrative court, casted …

Hardly had the Eurogroup meeting ended on Monday and the Greek government took immediate action to show it is keen to keep its promises to lenders. Administrative Reform Ministry issued a circular setting the framework for the plan to send home 2,000 civil servants on 75% of their salary and …

Forty unions in 23 European countries participate in today’s “European Day of Action and Solidarity” against austerity policies. Labour unions in Portugal and Spain declared a 24-hour general strike. In Greece and Italy unions called for a 3-hour and 4-hour work stoppage respectively. Some but not wide protest actions will take …

November 14, 2012SocietyComments Off on Athens Metro Station ‘Syntagma’ Closed After 12 Noon, Nov 14/2012

Greek police will close Athens Metro “Syntagma” station as of 12 o’ clock noon (November 14th 2012) due to the protest rally of trade unions. The wagons pass through but no passenger can get it or out. Greek trade unions join the Pan-European strike with a work stoppage 12-3 p.m. …